## Profit and Loss Aptitude Questions & Answers

This section focuses on "Profit and Loss" of Quantitative Aptitude. These Multiple Choice Questions (mcq) should be practiced to improve the Quantitative Aptitude skills required for various interviews (campus interviews, walk-in interviews, company interviews), placements, entrance exams and other competitive examinations.

1. If 20% discount is allowed on the marked price then the profit is 40%. If the discount is increased to 40%
then what will be the profit percentage?

A. 5%

B. 10%

C. 15%

D. 20%

View Answer

Ans : A

Explanation: cp=100%;

profit=40%;

selling price= 140%;

marked price = 140%

mp=140*100/80= 175

40%discount in mp= 175 *60/100

New sp=105

new profit%= new sp-cp/cp *100

=105-100/100*100

=5

2. On selling 9 pens at Rs. 360, there is a loss equal to the cost price of 3 pens. The cost price of a pen is:

A. 40

B. 50

C. 60

D. 70

View Answer

Ans : C

Explanation: CP of 9 pens - Sp of 9 pens = Cp of 3 pens

Cp of 6pens = Sp of 9 pens = 360

Cp of 6pens =360

CP of 1 pen= 360/6= 60.

3. Reeta buys an old cycle for Rs.2500 and spends Rs.300 on its repairs. If he sells the cycle for Rs.3200,
his gain percent is?

A. 14.28%

B. 14.93%

C. 16.01%

D. 12.63%

View Answer

Ans : A

Explanation: Profit Percentage = Profit / cost price x 100
Cost price = 2500+300 = 2800

Profit = sp-cp

=3200-2800=> 400

Profit percentage = 400 / 2800 x 100

= 14.28%

4. kalyan bought 16 types of rava of certain rupees. After a week, he sold 6 types of rava at 20%profit,
6types of rava with neither profit nor loss and 4 types at 10%loss. In this transaction, what is the profit %?

A. 4.14%

B. 5.00%

C. 6.54%

D. 3.54%

View Answer

Ans : B

Explanation: Let CP of 16 types =x

CP of 1 type= x/16

Sp of rice 20%=6x/16+6x/16*20/100=9x/20

Spof rice without profir or loss=6x/16=3x/8

Sp of rice at 10% loss= 4x/16-4x/16*10/100=9x/40

Total seling price=9x/20+3x/8+9x/40 = 42x/40

now profit%= [42x/40-x]/x *100 => 5%

5. A car worth Rs.2,50,000 is sold by usha to nandhini at 10 % profit. Nandhini sells the car back to usha at
4% loss. Then in the entire transaction total gain by usha is?

A. 10000

B. 14000

C. 8000

D. 11000

View Answer

Ans : D

Explanation: Money spent by usha = Rs.2,50,000

Money received by usha = 110% of Rs.2,50,000 => 2,75,000

Cost price to usha = 96% of Rs.2,75.000 = Rs.2,64,000

Therefore usha gains Rs(2,75,000 â 2,64,000) = Rs.11000

6. An product is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12
1/2% on it. The cost price of the product is

A. 10

B. 20

C. 30

D. 40

View Answer

Ans : D

Explanation: Let the cost price of the product = Rs. x

S.P. at 10% loss

= xĂ90/100= Rs. 9x/10

S.P. at 12 1/2 % gain

x Ă (100+12 1/2)/100 = Rs. 225x/200

9x/10 + 9 = 225x/200

180x + 1800 = 225x

x = Rs. 40

7. Find the single discount equivalent to a series discount of 40%, 20% and 10%

A. 51.5%

B. 56.8%

C. 60.0%

D. 45.8%

View Answer

Ans : B

Explanation: Let marked price be Rs 100

Then net selling price = 90% of 80% of 60% of Rs 100

= 90/100 *80/100 *60/100 *100

= 90*80*60/10000

= Rs 43.2

Required discount = (100 â 43.2) %
= 56.8%.

8. Kabi buys wheat at Rs. 15/kg and puts a price tag on it so as to earn a profit of 10%. However, his faulty
balance shows 1000 gm when it is actually 900 gm. What is his actual gain percentage?

A. 20%

B. 30%

C. 35%

D. 25%

View Answer

Ans : A

Explanation: CP of 1000gm = Rs. 15

SP of 900gm = Rs. 16.5

SP of 1000gm =16.5x1000/900 = Rs. 18

Now take 1000gm as reference to calculate profit.

Profit=SP-CP=18-15=Rs. 3

Profit % = 3x100/15 = 20%

9. A dealer allows a discount of 40 % on the marked price to the retailer. The retailer sells at 10% below the marked price. If the customer pays Rs.38 for an article, what profit is made by the retailer on it?

A. Rs. 11

B. Rs. 12

C. Rs. 13

D. Rs. 14

View Answer

Ans : C

Explanation: Let dealer marked price = 100%, Retailer's C.P = 60% And the retailer sells at 10% less than the marked price =>S.P = 90% If S.P of 90% of the retailer costs Rs.38 to customer, So its C.P of 60% will cost 60*38/90 = 25 Profit made by the retailer = 38-25 = Rs.13

10. Kumaran stores offered 60% discount on the marked price and there is a loss of 30%. If it is sold the MP,
find the profit percentage?

A. 70.0%

B. 75.0%

C. 80.0%

D. 85.0%

View Answer

Ans : B

Explanation: MP= Rs X

Sp= 40/100*x= 2x/5

CP= 2x/5*100/70=4x/7

Profit when sold at MP= x-4x/7 =3x/7

Profit% = (3x/7)/(4x/7)*100=75%

Discussion